Tax season is upon us, and it’s essential to stay informed about key deadlines to ensure timely filing and compliance with IRS regulations. Whether you’re an individual taxpayer, a business owner, or a tax professional, understanding the various filing deadlines is crucial for effective tax planning and preparation. Here’s a comprehensive guide to all tax deadlines for the 2023 tax season, including extensions:
| Tax Filing Type | Original Deadline | Extension Deadline |
| Individual Tax Returns | April 15, 2024 | October 15, 2024 |
| Partnership Tax Returns | March 15, 2024 | September 16, 2024 |
| Corporation Tax Returns | April 15, 2024 | October 15, 2024 |
| Trust and Estate Returns | April 15, 2024 | October 15, 2024 |
| Foreign Bank Account Reports | April 15, 2024 | October 15, 2024 |
| Individuals Outside the U.S. | June 17, 2024 | October 15, 2024 |
Foreign Bank Account Reports (FBAR): Taxpayers with foreign financial accounts exceeding certain thresholds are required to file an FBAR (FinCEN Form 114) by April 15, 2024. The extended deadline is October 15, 2024 and is automatic, so no need to stress over the earlier deadline.
It’s important to note that while extensions provide additional time to file tax returns, they do not extend the deadline for paying any taxes owed. Taxpayers should estimate their tax liability and pay any outstanding taxes by the original filing deadline to avoid penalties and interest.
Stay organized and informed about these deadlines to ensure compliance with IRS regulations and avoid potential penalties. If you have any questions or need assistance with tax planning and preparation, don’t hesitate to reach out to a qualified tax professional.